Waystar Holding Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,157	1,099	943.55	791.01	704.87	578.57
Revenue Growth (YoY)	18.62%	16.50%	19.28%	12.22%	21.83%	-
Cost of Revenue	361.85	348.16	315.73	249.77	214.89	151.77
Gross Profit	794.87	751.12	627.82	541.24	489.98	426.8
Selling, General & Admin	319.77	306.64	268.69	187.36	184.56	162.09
Depreciation & Amortization Expenses	148.62	140.55	186.63	176.47	183.17	176.06
Research & Development	61.91	54.62	48.78	35.33	32.81	28.34
Total Operating Expenses	530.3	501.81	504.09	399.16	400.53	366.48
Operating Income	264.56	249.31	123.73	142.08	89.45	60.32
Interest Expense	-79.29	-77.54	-146.27	-205.92	-155.33	-127.01
Total Non-Operating Income (Expense)	-79.29	-77.54	-146.27	-205.92	-155.33	-127.01
Pretax Income	185.27	171.76	-22.55	-63.83	-65.88	-66.7
Provision for Income Taxes	59.17	59.67	-3.42	-12.5	-14.42	-19.58
Net Income	126.1	112.09	-19.13	-51.33	-51.46	-47.12
Net Income to Common	126.1	112.09	-19.13	-51.33	-51.46	-47.12
Net Income Growth	383.60%	-	-	-	-	-
Shares Outstanding (Basic)	183	178	150	122	122	121
Shares Outstanding (Diluted)	189	185	150	122	122	121
Shares Change (YoY)	12.82%	23.26%	23.21%	-0.01%	0.22%	-
EPS (Basic)	0.70	0.63	-0.13	-0.42	-0.42	-0.38
EPS (Diluted)	0.67	0.61	-0.13	-0.42	-0.42	-0.38
EPS Growth	644.44%	-	-	-	-	-
Shares Outstanding	191.69	191.59	172.11	121.68	121.67	121.71
Free Cash Flow	293.96	283.19	142.5	29.94	85.2	91.87
Free Cash Flow Growth	3.80%	98.73%	375.90%	-64.86%	-7.25%	-
Free Cash Flow Per Share	1.56	1.53	0.95	0.25	0.70	0.76
Gross Margin	68.72%	68.33%	66.54%	68.42%	69.51%	73.77%
Operating Margin	22.87%	22.68%	13.11%	17.96%	12.69%	10.42%
Profit Margin	10.90%	10.20%	-2.03%	-6.49%	-7.30%	-8.14%
FCF Margin	25.41%	25.76%	15.10%	3.79%	12.09%	15.88%
EBITDA	413.18	389.85	310.36	318.55	272.62	236.37
EBITDA Margin	35.72%	35.46%	32.89%	40.27%	38.68%	40.86%
EBIT	264.56	249.31	123.73	142.08	89.45	60.32
EBIT Margin	22.87%	22.68%	13.11%	17.96%	12.69%	10.42%
Effective Tax Rate	31.94%	34.74%	15.17%	19.58%	21.89%	29.36%

Updated Apr 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q